Arbitrage betting allows bettors to place bets on different outcomes of the same event
As a result, bettors are guaranteed to have profit regardless of the result of the game
This strategy has many nuances and pitfalls, so what should you pay attention to?
If you consider betting as a source of income, take a look at arbitrage betting - one of the most complicated yet useful tactics in online sports betting. This is a strategy that allows bettors to have a guaranteed profit at online sportsbooks. Interested? Read our arbitrage betting guide to learn everything about it.
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What is arbitrage? In economics, this term means the simultaneous purchasing and selling of assets in different markets to profit from differing prices for the same asset. In other words, it is a trade that is beneficial for a trader due to the price difference in multiple markets.Consequently, arbitrage betting follows the same principles in betting atBet365 as it does in the financial market. Arbing allows bettors to make wagers on different outcomes of the same events (matches, tournaments, etc). As a result, there is a guaranteed profit regardless of the outcome. However, betting arbitrage is not as simple as it sounds. This is quite a tricky betting strategy with lots of nuances. To skip risks and implement the strategy successfully, keep reading our arbitrage betting guide.
Arbitrage Betting Guide: How Does It Work?
As we have already mentioned, the goal of arbing is to place wagers on all possible outcomes to make a profit. This is done by finding inefficiencies in online sportsbooks. Differentonline sportsbook sites in Germany often have different odds on the same event and they are used to put the idea of arbitrage betting into reality. Picture Source: PixahiveTo use the arbitrage betting strategy in football, for example, bettors need to place wagers on three possible outcomes - Team A to win, Team B to win, and a draw. One of these outcomes comes true, so bettors will receive their winnings anyway. The question is how much money they will get if they use the arbitrage strategy. Here is where the most interesting part begins.
Examples of Arbing
Our example will help you understand better how arbitrage betting works. Let’s suppose, you would like to bet on a match at Sportsbook 1 which offers the following odds:
Team A to win - 1.80
Team B to win - 1.80
If you bet $100, your winnings would be $180 which includes the initial stake. In the case of betting $100 on both teams to win, your total wager would be $200 with a return of $180 regardless of the outcome of the match. Hence, you will lose $20.Picture Source: PiqselsHowever, let’s consider another situation where the odds of both teams winning are different. As we have already mentioned, different sportsbooks usually offer different odds, so let’s imagine the following situation with the odds at Sportsbook 2:
Team A to win - 1.50
Team B to win - 2.50
This is when the arbitrage strategy enters the stage. There is a chance to have guaranteed profit by betting on Team A at Sportsbook 1 and Team B at Sportsbook 2. The two bets you could place are $115 on Team A at 1.80 and $85 on Team B at 2.50 spending on your bets $200 in total. In this case, your profit would be either $207 if Team A wins or $212.50 if Team B wins. So, there is guaranteed profit regardless of the outcome of the match. To bring their chances of having profit to the next level, bettors could also useonline sportsbook bonuses in Germany in addition to arbs.
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At the first glance, arbitrage betting is a win-win opportunity for bettors. However, it could have pitfalls, not every bettor takes into account. In our arbitrage betting guide, there is a list of important tips for bettors who would like to try this betting tactic.
Don’t bet until you find the best odds. The biggest challenge bettors usually face is finding proper odds that would guarantee a profit regardless of the outcome. The guarantee of profit depends on a sufficient difference between the odds at different bookies. So, your tasks are to find different odds for the same event and calculate your potential income using betting calculators.
Good odds don’t last forever. Sportsbooks come up with the first odds based on their opinion and evaluation of the situation. However, they adjust their odds with the flow of time. Don’t wait for this moment; in arbitrage betting, you must act quickly and confidently. Also, remember that professional bettors always look for arbs, so their activity would modify the odds as well.
Be ready for cancellations. Sometimes, sportsbooks are forced to cancel bets due to different circumstances. In this case, bettors receive their money back but the whole strategy is at risk. So, bettors must find another sportsbook as soon as possible. Remember, that the odds should be similar to those that were canceled, otherwise, you could have big losses.
Deactivation of your account is possible. Sportsbooks don’t like bettors who successfully follow arbitrage betting guides like this one. If your account is somehow exposed, it will be limited or deactivated.
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